Is Nuveen S&P 500 Dynamic Overwrite Fund overvalued?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) looks overvalued — trading about 74% above its fair value.

Overvalued

Price

$18.69

Fair value

$4.80

Current P/E

29.2

Normal P/E

7.5

Market cap

$336.0M

Dividend yield

7.5%

Return on equity

11.6%

Sector

Financial Services

Fair value compares SPXX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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